ACI
3I0-013 · Question #73
A USD1,0000,000.00US Treasury Bill (91 days) is offered at a discount rate of 0.75%. The offer price will be:
The correct answer is B. USD 998,104.17. See the full explanation below for the reasoning.
Question
A USD1,0000,000.00US Treasury Bill (91 days) is offered at a discount rate of 0.75%. The offer price will be:
Options
- AUSD 1,000,000.00
- BUSD 998,104.17
- CUSD 992,500.00
- DUSD998,130.14
How the community answered
(35 responses)- A11% (4)
- B83% (29)
- C3% (1)
- D3% (1)
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